Donald Trump Jr. has joined prediction market startup Kalshi as a strategic consultant. This move aims to expand the company's opportunities in the betting sector.
Donald Trump Jr.'s New Role
Donald Trump Jr. utilized Kalshi during the U.S. elections and views it as a promising company capable of disrupting the betting industry. His involvement underscores Kalshi's intention to strengthen its market position, especially under the growing regulatory scrutiny in the United States.
Features of the Kalshi Platform
Kalshi allows users to bet on the outcomes of future events, such as U.S. elections, news events, and economic data. The platform gained attention during the presidential election when many users placed bets on the outcome between Kamala Harris and Donald Trump.
Competition and Regulatory Aspects
Kalshi is gaining traction in America, competing with offshore unregulated platforms like Polymarket. Kalshi is registered with the U.S. Commodity Futures Trading Commission (CFTC), providing it with a legal advantage in the U.S. market. Prediction markets are becoming increasingly popular among everyday investors and large trading firms like Susquehanna.
Kalshi continues to expand its business by attracting experts like Donald Trump Jr. and consolidating its position in the competitive prediction market.
